SAO PAULO - General Motors Co is thinking about selling its Cadillac brand in Brazil but has no plans to build any of the luxury vehicles there, the world's No. 4 automotive market.
SAO PAULO - General Motors Co and PSA Peugeot Citroen will announce their joint purchasing agreement soon, though they have no immediate plans to build cars together in Brazil, GM executives said on Sunday.
SAO PAULO - German automaker BMW plans to invest 800 million reais ($395 million) to build a new assembly plant in Brazil, sources with direct knowledge of the project told Reuters on Friday.
RIO DE JANEIRO - Brazil's state-led oil company, Petrobras , said on Friday it plans to cut as much as 15 billion reais ($7.5 billion) from operational costs next year, in a move aimed at reinstilling investor confidence and ending years of missed output targets.
RIO DE JANEIRO - Brazil's state-led oil company, Petrobras , plans to cut between 5 billion reais and 15 billion reais ($2.5 billion and $7.5 billion) from operational costs next year, sources with direct knowledge of the plans said on Friday.
BRASILIA - Brazil enacted a controversial law on Thursday meant to protect forests and force farmers to replant trees on scattered swathes of illegally cleared land totaling an area roughly the size of Italy.
BUENOS AIRES - Venezuela's newly re-elected president, Hugo Chavez, should start preparing to hand over power, former two-time Brazilian President Luiz Inacio Lula da Silva said in a newspaper interview published on Thursday.
LISBON - Portugal on Thursday named Synergy Aerospace, owned by Brazilian airline entrepreneur German Efromovich, as the sole potential buyer of its struggling national carrier TAP.
BRASILIA - A Brazilian federal court on Monday upheld the conviction of two U.S. pilots for their role in Brazil's second-worst airline disaster, a 2006 midair collision over the Amazon in which 154 people died.
RIO DE JANEIRO - Shares of Brazil's HRT surged over 19 percent on Monday after the oil company signed an accord with Petrobras that could develop a market for natural gas trapped far from clients in remote Amazon jungle.
BEIRUT - Syrian rebels cast doubt on Monday on prospects for a temporary truce aimed at stemming bloodshed in the 19-month-old conflict, saying it was not clear how an informal ceasefire this week could be implemented.
A new report about the Haqqani network's business interests raises questions about the anti-drones narrative in Pakistan
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